Yesterdays trades..........
08/04/1999 10:04:24 S 2,000 0.36
11:31:30 B 2,000 0.34
11:51:31 B 3,000 0.34
13:05:26 B 8,000 0.34
13:42:45 B 8,000 0.34
13:49:58 B 5,500 0.34
13:50:28 S 10,000 0.35
13:51:01 S 5,000 0.34
13:51:01 S 5,000 0.34
13:51:01 S 1,000 0.34
13:51:01 S 5,000 0.34
13:51:05 S 9,000 0.33
13:51:06 S 3,000 0.34
13:51:07 S 3,000 0.34
13:51:07 S 2,000 0.34
13:51:08 S 5,000 0.34375
13:52:02 S 6,000 0.32
A lot of accumulation @ these prices.The last 10 trades went over all on the buy side 54,000 shares picked up @ very attractive prices;;most at .34. Contrary to scuttle butt on the thread MM's are not loading up for a later rise. They will sell the shares when the news comes out @ 40 cents or higher ( look for a quick pop ) then knock the price back down to cover their short position. I look therefore for selling into any strength, not a good sign. Only way to 'play' it is to accumulate now and sell into a news release. Not encouraging for the short term..........sorry .. conclusion is that we are not going anywhere for the next news release or the one after that.......
It's going to take some coverage a lot bigger than what we have or anticipate to move us higher......look at it this way ......buy the dips I'm going to get my average under 40 cents eventually....gregor
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